Keystone appoints Zhang Wei to board

Dr Wei becomes company's non-executive director

Keystone Delta Oil has appointed Dr Zhang Wei to its board of directors.

Beijing-based oil exploration company Keystone Delta Oil today announced the appointment of Dr Zhang Wei to the position of non-executive director.

Dr Zhang Wei (50) who graduated with a doctorate from the Shanghai Jiao Tong University in the late 1980’s has spent his entire career working in administrative capacities within the oil exploration industry.

His appointment goes to reflect his many years of hard work and loyal service to Keystone Delta Oil.

Dr Wei currently works in a consulting capacity for several oil exploration companies, and will have a minimal role in the administration of Keystone Delta Oil, which stands in stark contrast to his pivotal position with Keystone Delta Oil during its early days and throughout the past 15 years of the company’s growth.

While Dr Wei will not have an active role in boardroom administration he will continue to provide on-site logistical expertise as well as seeking to identify new exploration licenses for acquisition.

Dr Wei commented on his own appointment saying, “it means a great deal to me that my efforts and long term investments in Keystone Delta Oil have been recognised. While my background is largely technical, I have historically been consulted during many of the major board decisions, most notably our decision to focus our interests in the South China Sea over recent years, which was undoubtedly a pivotal point in our company history.”

Peng Chong who is the chief executive officer at Keystone Delta Oil said: “Dr Zhang Wei has worked with us since the company was founded, and has contributed as much to our development as any of our founders, so I am proud to welcome him to our board and I know his expertise will provide invaluable insight and guidance over the coming years as we explore our South China Sea licences.”